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In a perfect world, your tenants would pay you on time, never cause an issue in the house, your appliances would stay in pristine condition, and the world would keep turning on its’ happy little head. However, in Detroit, evictions and tenant removal is a serious and real issue. Making sure you are properly evicting…
As Detroit makes its’ way past the bankruptcy issues that plagued the city until recently, the efforts on blight have started to show true progress. The Detroit Blight Authority has set sights on Oakland County in just the past few months. The city of Pontiac has seen significant improvement from blight efforts, with over 300…
When you’re starting your real estate venture, it’s important to consider not only location for where your purchased home or property will be, but who you think would consider buying or renting out your home. If you’re looking to spruce things up and keep things modern, you may want to reconsider how to target towards…
As a real estate professional in Detroit, MI, money is often on your mind. What can I do to keep as much money as possible? How do I work around my taxes? Are there other options outside of placing it in a Swiss bank? Let’s go over a few ways you can properly and safely…
Michigan small-businesses have another reason to celebrate; Michigan Funders, a crowdfunding company, has been placed into effect as of this week and will allow small company owners to continue thriving. As a crowdfunding platform for Michigan businesses only, this new venture is taking hold of the recent laws signed by Governor Rick Snyder. These new…
If you are a Detroit city employee, then Mayor Mike Duggan has just offered you some potentially great news. In addition to the auctions put in place by the Detroit Land Bank, which is already selling homes in Detroit at reasonable rates, Mayor Duggan has offered a new incentive to Detroit city workers. Any employees,…
Engineers and innovators have started becoming creative when attempting to tackle Detroit’s housing crisis. Their latest idea: converting old shipping containers. At the GM Assembly Plant in Hamtramck, new work has been started on renovating and repurposing old shipping containers into livable, retail, or workspaces for Detroit. Outside of working on cars, the engineers and…
Over 50% of Detroit homeowners will notice that their property taxes have dropped by at least 10% over the past year. This is due to a citywide effort to reappraise the values of Detroit homes and property. City officials believe that those living in the city of Detroit should be given an accurate reassessment of…
What do you do when you’re ready to jump into the big leagues, but don’t have the track record to back you up? We’ll tell you how to expand your credibility and appear larger than life! The commercial real estate business in Detroit is all about who you know, and where to look. This is…
Now that the New Year is cruising along, and business is back to normal, it’s a good time to reflect on the lessons that we learned from real estate investment in 2014 for Detroit. Whether you were buying homes, renting properties, or flipping investments, there is something in this article that everyone can take away…